Funds will complete payments to Revenue Mine vendors & for working capital LONDON, ON, Oct. 16, 2014 /CNW/ - Fortune Minerals Ltd. (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces that it has received the second and final instalment of US$ 10 million from the previously reported US$ 35 million production prepay facility from Lascaux Resource Capital Fund 1 LP ("Lascaux") (see [...]
LONDON, Ontario, Oct. 9, 2014 (GLOBE NEWSWIRE) -- The electric car company Tesla gained about $2 billion in market capitalization after Elon Musk's October 1 tweet that it "was time to unveil the D and something else." Automobile industry pundits are speculating that Tesla may reveal a new driverless technology for the Model S on Thursday evening. Musk recently told CNN that he anticipated Tesla being "90% autonomous" in [...]
Company investing capital to improve safety and mine operating efficiencies Issued Capital: 194,578,180 /NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/ LONDON, ON, Oct. 1, 2014 /CNW/ - Fortune Minerals Ltd. (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces that it has received US$ 25 million and closed the purchase of a 100% interest in the Revenue [...]
The mine has made four shipments of concentrate to the smelter & received its first revenue Issued Capital: 194,578,180 LONDON, ON, Sept. 18, 2014 /CNW/ - Fortune Minerals Ltd. (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces receipt of the previously announced US$4 million bridge loan that is part of the production pre-pay facility from Lascaux Resource Capital Fund 1 LP [...]
/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/ Significant reduction in the purchase price with an accelerated payment schedule Issued Capital: 193,578,180 LONDON, ON, Aug. 20, 2014 /CNW/ - Fortune Minerals Ltd. (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces that it has entered into an agreement with the owners of the Revenue Silver Mine [...]
Issued Capital: 190,244,847 LONDON, ON, Aug. 14, 2014 /CNW/ - Fortune Minerals Ltd. (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") reports that its consolidated financial statements and management's discussion and analysis of financial condition and results of operations for the period ended June 30, 2014 have been filed and are available on SEDAR (www.sedar.com) and will be available soon through the Company's [...]
Issued Capital: 190,244,847 LONDON, ON, July 31, 2014 /CNW/ - Fortune Minerals Ltd. (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces that it has entered into an amending agreement with the owners of the Revenue Silver Mine in southwest Colorado, U.S.A. to extend the scheduled closing date of the purchase and sale of the mine from July 31 to September 2, 2014. The Company, through [...]
Issued Capital: 190,244,847 First concentrate delivered to Teck's Trail Smelter in British Columbia for processing while mine & mill commissioning progress toward 400 ton per day ramp up As a result of a review by staff of the Ontario Securities Commission, we are issuing the following news release regarding our disclosure on the Revenue Silver Mine property. LONDON, ON, July 24, 2014 /CNW/ - Fortune Minerals Ltd. (TSX [...]
Fortune Minerals is pleased to announce that, in accordance with the Wek'èezhìi Land and Water Board's recommendation, the Honourable J. Michael Miltenberger, Government of the Northwest Territories Minister of Environment and Natural Resources, has given final approval for the Type A Water License required to construct and operate the NICO gold-cobalt-bismuth-copper mine and concentrator. Along with the earlier issued [...]
/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES/ Strategic investor maintains 19.43% interest in the Company after shareholder ratification Issued Capital: 190,244,847 LONDON, ON, July 8, 2014 /CNW/ - Fortune Minerals Ltd. (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) is pleased to announce that it has closed the second tranche of a private placement [...]
Issued Capital: 188,158,720 LONDON, ON, June 25, 2014 /CNW/ - Fortune Minerals Ltd. (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) reports that the nominees listed in the management information circular for the 2014 Annual and Special Meeting of shareholders held on June 24, 2014 (the "Meeting") were elected as directors of Fortune. Detailed results of the vote for the election of [...]
Major permitting completed for the mine and concentrator in the Northwest Territories Issued Capital: 188,158,720 LONDON, ON, June 20, 2014 /CNW/ - Fortune Minerals Ltd. (TSX: FT) (OTCQX: FTMDF) ("Fortune" or the "Company") (www.fortuneminerals.com) announces that the Wek'èezhìi Land and Water Board in Canada's Northwest Territories ("NT") has issued the Land Use Permit and approved the Type A Water License required to [...]